Issuer officials who said Treasury's final issue price rules are a vast improvement over earlier proposals nevertheless raised concern that they might discourage competitive sales of bonds or create problems for issuers if underwriters run afoul of the rules.

Monetary policy has been "less constrained" by the zero lower bound for interest rates than is often thought, and the Federal Reserve's unconventional actions may have minimized the impact of the super-low federal funds rate on medium- and longer-term rates, new research from the Federal Reserve Bank of San Francisco...

To continue reading, log in, register or subscribe below.Calendars are available to registered users of The Bond Buyer web site.Please log in below with the credentials you established at the time of your subscription or when you set up a free trial. If you have never set up an account with The Bond Buyer, please click the "Free trial" link below to set up your account.